Global Chip Selloff Erases $500 Billion in Value as Fears Mount
The global selloff in semiconductor stocks accelerated on concern over lofty valuations for some of the artificial intelligence…
AMD’s Outlook Fails to Wow Investors After AI-Fueled Rally
Advanced Micro Devices Inc., the main contender to Nvidia Corp. in the artificial intelligence chip market, failed to…
Caterpillar to Double Gas Turbine Capacity to Feed AI Boom
Caterpillar Inc. plans to more than double its capacity of gas turbines to tap into soaring demand for…
AMD’s Best Month Since 2001 Brings Show-Me Pressure to Earnings
After its best month in the stock market in almost 25 years, Advanced Micro Devices Inc. needs to…
Global AI Bubble Burst May Aid Flows Into Indian Stock Market
Before the trading day starts we bring you a digest of the key news and events that are…
Third-quarter earnings are indicating a divided economy
A Taco Bell restaurant in El Cerrito, California, US, on Tuesday, April 29, 2025. David Paul Morris |…
Amazon says its AI shopping assistant Rufus is so effective it’s on pace to pull in an extra $10 billion in sales
In case you were unsure about Amazon’s ability to monetize artificial intelligence, “the everything store” assigned a staggering…
Alphabet, Amazon Stakes in Anthropic Boost Profit by Billions
Alphabet Inc. and Amazon.com Inc. were rewarded by investors for reporting better-than-expected third-quarter profits. At both companies, earnings…
BofA’s Hartnett Sees Gold, China Stocks as Best AI Boom Hedges
Chinese stocks and gold are the best hedges against a boom in the artificial intelligence trade that has…
Mark Zuckerberg Net Worth Falls as Meta’s AI Spending Plan Spooks Investors
Mark Zuckerberg fell to fifth place on the Bloomberg Billionaires Index — the lowest in nearly two years…
Amazon Reports Cloud Unit Sales Grew Faster Than Expected
Amazon.com Inc.’s cloud unit posted the strongest growth rate in almost three years, reassuring investors who were concerned…
AI Spending Is What Matters Most in Alphabet, Microsoft Earnings
Artificial intelligence is so essential to the three-year bull market in US stocks that updates on spending and…